China Q2 GDP confirms slowing economic recovery, Sino-US tension remain on the table.Japan’s holiday limits bond market moves, allowing market to consolidate recent gains amid pre-Fed blackout.remains sour in the Asia-Pacific zone during early Monday as China data confirms a slowdown in the post-COVID recovery of the region’s biggest economy. Adding strength to the cautious mood are mixed headlines about inflation concerns and Sino-American ties.
That said, Japan’s holiday restricts the Asian market’s performance, mainly surrounding the bond moves. Even so, Japanese Finance Minister Sunichi Suzuki’s comments of no discussion on the currency market intervention during the Group of 20 finance officials’ gathering seem to underpin the Yen pair’s fresh downside.
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